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Launched

21Shares Canton Network ETF

TCANNasdaq21SharesD

$16.50+0.22 (+1.38%)

As of Nov 4, 2026, 2:42 PM ET

D29/ 100

Rank 25 of 26 in Crypto Spot

D29/100Rank 25 of 26inCrypto Spot
Intraday session: up, 61 prints from 16.28 to 16.50. Range 16.44 to 17.08. Use the arrow keys to read each point.16.4016.6016.8017.0010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$8M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
12.8K sh
52W range
low $15.05high $29.64
Launched

The ETF.net TCAN Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
Crypto Spot⁠
Rank
25 of 26
Six-pillar profile for TCAN. Scores out of 100: Cost 28, Risk 38, Mission not scored, Tradability 26, Holdings 68, Durability 29. Strongest: Holdings (68). Weakest: Tradability (26). Based on 5 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 18 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 20 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 21 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 1 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 24 of 26

Our read on TCAN

ETF.net Research

In short

DThe first US ETF built around Canton Coin, the utility token of a privacy-focused blockchain designed for institutional finance. One token, one wrapper, bought like any other stock.

Stated mandate

The Fund seeks returns, before fees and expenses, that correspond to Canton Coin’s price performance. It primarily invests in CC and other instruments designed to provide exposure to or returns consistent with CC.

Why people hold it

  • Launched 2026 as the first US ETF offering direct exposure to Canton Coin, so no crypto exchange account or private keys to manage.globenewswire.com
  • Plain mandate: at least 80% of net assets in CC and CC-linked instruments, tracking the coin's price before fees. No basket, no index detours.21shares.com
  • Canton's validator and governance ranks include Goldman Sachs and Deutsche Bank, though their involvement is not an endorsement of the coin or the fund.globenewswire.com
  • Runs as a 1940 Act fund, with BitGo Bank & Trust and U.S. Bank named as fund custodians rather than the issuer holding coins itself.21shares.com

Worth knowing

  • Costs 0.50% a year against a 0.35% median for spot-crypto funds. Cheaper names sit in the group (XRPZ, XRP), but none of them hold Canton Coin.
  • Small and thinly traded, so spreads can be wide and shares can trade at a premium or discount to NAV.21shares.com
  • Single-token exposure with a short operating history and no distributions; the coin's price does all the work.21shares.com

TCAN Performance

Launched May 7, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TCAN$8,477
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,981
Aug 3, 2026 to Nov 3, 2026. TCAN $8,477. SPY $9,981. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Aug 2026Sep 2026Nov 2026

Aug 3, 2026 – Nov 3, 2026

Returns run to the Nov 3, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TCAN. Periods over one year show the average yearly return.
PeriodTCAN
Year to dateFund launched this yearNo data
1 month−18.9%
3 months−15.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TCAN
YearReturn barTCAN
2026 YTD−34.0%

Since listing, May 7, 2026

TCAN in the news

TCAN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 3, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed May 2026. No distributions yet.

TCAN Risk

Risk pillarD38 out of 100Rank 20 of 26 in Crypto Spot
How much the fund’s monthly returns vary, scaled to a year.
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
5.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TCAN Cost

Compare TCAN and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$6,027

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TCAN 0.50%

    $9,979

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • TCAN 0.50%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TCAN $9,979XRPZ $3,952

Year by year

YearTCANXRPZOverpaying
10$900$347$553
20$3,460$1,351$2,109
30$9,979$3,952$6,027

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